MSME-focused digital lender NeoGrowth raises Rs 85 Cr from FMO, LeapFrog
he Mumbai-based company had previously raised Rs 300 crore ($36 million) in a Series D equity round in December 2022, led by FMO along with existing investors.
Via Entrackr
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"NeoGrowth, an MSME-focused digital lender, has raised Rs 85 crore through a mix of equity and debt from Dutch development finance institution FMO and existing investor LeapFrog Investments. The Mumbai-based company had previously raised Rs 300 crore ($36 million) in a Series D equity round in December 2022, led by FMO along with existing investors. The latest proceeds will be used to grow its loan book to nearly Rs 3,000 crore before the company requires another equity infusion, NeoGrowth said…
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